Assicurazioni Generali Could Cancel Shares to Offset Dilution From Banca Generali Deal -- Market Talk

Dow Jones

Apr 28, 2025

0630 GMT - Mediobanca's offer to buy Banca Generali with the Assicurazioni Generali shares it currently holds could hand the insurer around 6% of its own shares, Keefe, Bruyette & Woods says in a research note. Assicurazioni Generali owns just over 50% of Banca Generali, which only accounts for 4% of its earnings. Assicurazioni Generali will lock the shares it will get from Mediobanca for the transaction, but analyst William Hawkins doesn't exclude the insurer cancelling this stock as a way to offset the earnings dilution from the deal. "Broadly, we view this transaction as a small positive for Generali shares, in the context of the much wider governance uncertainty across Italian financials currently," he says. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

April 28, 2025 02:30 ET (06:30 GMT)

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Assicurazioni Generali owns just over 50% of Banca Generali, which only accounts for 4% of its earnings. Assicurazioni Generali will lock the shares it will get from Mediobanca for the transaction, but analyst William Hawkins doesn't exclude the insurer cancelling this stock as a way to offset the earnings dilution from the deal. \"Broadly, we view this transaction as a small positive for Generali shares, in the context of the much wider governance uncertainty across Italian financials currently,\" he says. 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Assicurazioni Generali owns just over 50% of Banca Generali, which only accounts for 4% of its earnings. Assicurazioni Generali will lock the shares it will get from Mediobanca for the transaction, but analyst William Hawkins doesn't exclude the insurer cancelling this stock as a way to offset the earnings dilution from the deal. \"Broadly, we view this transaction as a small positive for Generali shares, in the context of the much wider governance uncertainty across Italian financials currently,\" he says. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2025 02:30 ET (06:30 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2530945443","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2530945443","pubTimestamp":1745821800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0630 GMT - Mediobanca's offer to buy Banca Generali with the Assicurazioni Generali shares it currently holds could hand the insurer around 6% of its own shares, Keefe, Bruyette & Woods says in a research note. Assicurazioni Generali owns just over 50% of Banca Generali, which only accounts for 4% of its earnings. Assicurazioni Generali will lock the shares it will get from Mediobanca for the transaction, but analyst William Hawkins doesn't exclude the insurer cancelling this stock as a way to offset the earnings dilution from the deal. \"Broadly, we view this transaction as a small positive for Generali shares, in the context of the much wider governance uncertainty across Italian financials currently,\" he says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","MDIBY":"MedioBanca SpA"},"translate_title":"Assicurazioni Generali可能取消股票以抵消Banca Generali交易的稀释——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MDIBY":0.9},"content_text":"0630 GMT - Mediobanca's offer to buy Banca Generali with the Assicurazioni Generali shares it currently holds could hand the insurer around 6% of its own shares, Keefe, Bruyette & Woods says in a research note. Assicurazioni Generali owns just over 50% of Banca Generali, which only accounts for 4% of its earnings. Assicurazioni Generali will lock the shares it will get from Mediobanca for the transaction, but analyst William Hawkins doesn't exclude the insurer cancelling this stock as a way to offset the earnings dilution from the deal. \"Broadly, we view this transaction as a small positive for Generali shares, in the context of the much wider governance uncertainty across Italian financials currently,\" he says. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2025 02:30 ET (06:30 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}